SoSo Daily Feb 11 | Digital identity startup Holonym acquires Gitcoin Passport to enhance verification capabilities.

According to sosovalue, the price of $BTC is 97,431 USD, an increase of 1% from yesterday. The market cap of $BTC is 1.93 trillion USD, accounting for 58.4% of the total market cap; $BTC's 24-hour trading volume is 40.24 billion USD, making up 32.5% of the total trading volume.
The price of $ETH is 2,661.2 USD, up 1.29% from yesterday; the market cap of $ETH is 320.77 billion USD, representing 9.7% of the total market cap; $ETH's 24-hour trading volume is 19.49 billion USD, comprising 15.7% of the total trading volume.
The combined market capitalization of $BTC and $ETH accounts for 68.1% of the total cryptocurrency market cap, and their combined trading volumes constitute 48.2% of the total trading volume.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 12:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is Stool Prisondente. As of 23:50 today, its market cap is 48.99M, with a coin price of 0.049000 USD, witnessing a 24-hour increase of 390%.
The second is Analog. As of 23:50 today, its coin price is 0.0051010 USD, with a 24-hour increase of 289%.
The third is Pastel. As of 23:50 today, its coin price is 0.00010000 USD, showing a 24-hour increase of 69.8%.
In fourth place is Swell. As of 23:50 today, its coin price is 0.018810 USD, with a 24-hour rise of 64%.
In fifth place is Dimitra. As of 23:50 today, its coin price is 0.032599 USD, increasing by 50.5% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:The digital identity startup Holonym has acquired Gitcoin Passport, aiming to enhance its authentication capabilities. Holonym focuses on providing secure and privacy-preserving digital identity solutions, while Gitcoin Passport is a tool for decentralized authentication. This acquisition is expected to boost Holonym's competitiveness in the digital identity space.
Next news:

According to Wu, Coinbase will support B3 (Base) assets and will provide related services on the Base network. Users should be aware not to send this asset through other networks, as funds may be lost. Asset transfers will be available in regions supported by Coinbase and CoinbaseExch platforms, and specific trading will commence once liquidity conditions are met, with the B3-USD trading pair being launched in phases.

Next news:

According to Wu Shuo, MSTR (Strategy) announced that it has acquired 7,633 $BTC at a price of approximately $742.40 million, with an average purchase price of $97,255, achieving a 4.1% $BTC yield year-to-date as of 2025. As of February 9, 2025, Strategy holds 478,740 $BTC, with a total acquisition cost of $31.10 billion and an average price of $65,033.

Next news:A man from Alabama plans to plead guilty to the Bitcoin-related SEC X account hacking incident.
Next news:Binance experienced a significant decrease in its Bitcoin reserves by $355 million in January, while user balances on the platform increased by $4.4 billion. This shift indicates a possible change in user behavior or market dynamics, as more users are holding their assets on the exchange rather than in Bitcoin reserves. Richard Teng from Binance is associated with this development.
Next news:According to Wu, Eric Balchunas, a senior ETF analyst at Bloomberg, and his team have analyzed the applications for spot cryptocurrency ETFs and predicted the likelihood of several assets being approved by 2025. They focused on Litecoin, Solana, XRP, and Dogecoin. Among these, the approval probabilities for Litecoin and Dogecoin are particularly high, at 90% and 75%, respectively; Solana's approval probability is 70%, while XRP's is lower at only 65%. It is expected that the applications for XRP and Dogecoin will be confirmed this week. The SEC and Commissioner Peirce's crypto task force is expected to address some legal issues regarding securities and commodities by the end of 2025.
Next news:MicroStrategy has resumed its Bitcoin purchasing strategy, increasing its total holdings to 478,740 BTC. This move is part of the company's ongoing investment in cryptocurrency, led by Executive Chairman Michael Saylor.
Next news:

Ethereum security platform Drosera successfully raised $3.25 million, bringing the total funding amount to $4.75 million. This round was led by Greenfield Capital, with participation from Anagram, Paper Ventures, Arrington Capital, UDHC, and Pulsar. Drosera focuses on developing a smart contract infrastructure called "Traps" aimed at detecting and eliminating threats on the Ethereum network. The company plans to use the funding to continue developing Traps, expand the community, and explore expansion into other EVM-compatible chains. Additionally, Drosera is preparing for the mainnet launch scheduled for the second quarter of this year. (TheBlock)

Next news:Wu reported that FOX reporter Eleanor Terrett tweeted that the U.S. Department of the Treasury announced that Rodney Hood, former chairman of the National Credit Union Administration (NCUA), has officially taken over as Acting Comptroller of the Currency today. Hood has expressed support for cryptocurrencies, believing they are vital for credit unions and the overall financial services market. Notably, the Office of the Comptroller of the Currency (OCC) Interpretive Letter No. 1179 still prohibits national banks from engaging in cryptocurrency-related activities without approval, which is seen as the last barrier for financial institutions to participate in cryptocurrency custody and related activities. Cryptocurrency executives, including Coinbase Chief Legal Officer Paul Grewal, have indicated that this guidance is expected to be rescinded soon.
Next news:Vitalik transferred 70 thousand USDC to the privacy protocol Railgun.

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.